British financial regulator, the Financial Conduct Authority (FCA), has issued 146 crypto promotion alerts in the first 24 hours of its new crypto marketing regime. “We expect businesses including social media platforms, app stores, search engines, domain name registrars, and payments firms to consider the alerts we have issued and play their part in protecting…
Read more
In a recent move, the Financial Conduct Authority (FCA), the United Kingdom’s financial markets regulator, has expanded its warning list to include major cryptocurrency exchanges, categorizing them as “non-authorized firms” that citizens “should avoid.” The warning list is accompanied by a statement advising to refrain from dealing with these firms. It includes 143 new entities,…
Read more
Digital asset-as-a-service platform Zumo has become the first cryptocurrency platform to integrate the financial promotions technical flow design laid out by the Financial Conduct Authority (FCA). In June, the FCA published rules on financial promotions for cryptoassets, which will have effect from Oct. 8, aiming to reduce and prevent harm to consumers from investing in…
Read more
Chase, a digital bank owned by JPMorgan, is set to ban crypto-linked payments through debit cards or outgoing bank transfers for its UK clients starting on October 16, as conveyed in an email sent to customers. The email noted: “If we think you’re making a payment related to crypto assets, we’ll decline it.” … Read More:…
Read more
Cryptocurrency exchange Bybit has revealed its decision to suspend services in the United Kingdom (UK) due to impending regulations from the country’s Financial Conduct Authority (FCA). In a Friday announcement, the exchange said it would begin the suspension process on October 1 and would no longer accept new account applications. This will be followed by the suspension of…
Read more
Headquartered in Dubai, crypto exchange Bybit said it will suspend services to residents of the United Kingdom starting in October due to “regulatory changes.” Dubai-headquartered cryptocurrency exchange Bybit has announced the suspension of services to the United Kingdom in response to pending rules from the country’s Financial Conduct Authority, or FCA. In a Sept. 22…
Read more
The UK’s financial watchdog was forced to welcome cryptocurrency firms into the British market, according to Charles Randell, the former chairman of the Financial Conduct Authority (FCA). During a conference hosted by the Bank of England’s Prudential Regulation Authority, Randell said the FCA came under “political pressure” to approve crypto companies, highlighting the influence that elected officials had on…
Read more
The UK’s Financial Conduct Authority (FCA) has initiated talks between banks and crypto firms experiencing difficulties in accessing banking services, according to a recent report addressing the issue of debanking in the country…. Read More: FCA Report Highlights Talks Between Banks and Crypto Firms Amid Rising Debanking Worries Read more »Sign up for e-EUR –…
Read more
Luno, a crypto exchange owned by Barry Silbert’s Digital Currency Group (DCG), plans to stop certain UK clients from trading crypto due to regulatory changes that are coming into effect. The new regulations, introduced by the UK’s Financial Conduct Authority (FCA) and expected to come into effect on October 8, means that exchanges with UK…
Read more
The UK’s Financial Conduct Authority (FCA) has pushed back the deadline for cryptoasset firms to implement certain rule changes to their crypto marketing processes. In a new update announced Thursday, the watchdog clarified that the core crypto marketing rules including the ban on incentives like referral bonuses will come into effect from Oct. 8. Only…
Read more
